ABSs highlighted as claims upsurge threat as CMC numbers dwindle

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The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.

A report from the Institute and Faculty of Actuaries last week (19 January) warned that despite a 35% decrease in numbers of CMCs operating in the UK, the rising popularity of ABS licenses among

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60 Seconds With... Foil’s Pete Allchorne

Pete Allchorne, partner at DAC Beachcroft and president of the Forum of Insurance Lawyers, would like to be “Doctorin’ the Tardis”, finds ironing therapeutic, and can be found dancing to “Uptown Funk” by Mark Ronson and Bruno Mars.

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